CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• Analysts assign CCC a “Moderate Buy” consensus, with three buy ratings and two holds among five analysts. The average 12-month price target is $9.125, above the reported share price of $6.76.
• CCC reported quarterly EPS of $0.10, beating the $0.05 consensus estimate, while revenue reached $285.93 million, up 9.8% year over year.
• Institutional investors own a substantial 95.79% of the company’s stock, and CCC shares currently trade within a 52-week range of $4.08 to $9.90.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC - Get Free Report) has earned an average rating of "Moderate Buy" from the five research firms that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $9.1250.

A number of equities research analysts have recently weighed in on CCC shares. Jefferies Financial Group set a $7.00 price target on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research note on Thursday, July 30th. Citigroup raised their price objective on CCC Intelligent Solutions Holdings Inc. Common Stock from $6.00 to $6.50 and gave the stock a "neutral" rating in a research report on Monday, August 3rd. Weiss Ratings upgraded shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a "sell (d+)" rating to a "hold (c-)" rating in a report on Wednesday, September 2nd. Wall Street Zen downgraded shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. Finally, Stifel Nicolaus reaffirmed a "buy" rating and issued a $9.00 target price on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research report on Thursday, July 2nd.

CCC Intelligent Solutions Holdings Inc. Common Stock Price Performance

NASDAQ CCC opened at $6.76 on Tuesday. The business's fifty day simple moving average is $6.65. The company has a market capitalization of $3.98 billion, a PE ratio of 84.51 and a beta of 0.49. CCC Intelligent Solutions Holdings Inc. Common Stock has a fifty-two week low of $4.08 and a fifty-two week high of $9.90. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.71.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.05. CCC Intelligent Solutions Holdings Inc. Common Stock had a return on equity of 7.18% and a net margin of 3.81%.The company had revenue of $285.93 million for the quarter. The company's revenue for the quarter was up 9.8% on a year-over-year basis. As a group, sell-side analysts expect that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.27 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CCC. Nykredit A S purchased a new position in CCC Intelligent Solutions Holdings Inc. Common Stock in the second quarter worth $26,000. Root Financial Partners LLC raised its position in CCC Intelligent Solutions Holdings Inc. Common Stock by 2,170.1% in the first quarter. Root Financial Partners LLC now owns 4,858 shares of the company's stock worth $29,000 after acquiring an additional 4,644 shares during the period. Essential Partners LLC purchased a new position in CCC Intelligent Solutions Holdings Inc. Common Stock in the first quarter valued at about $38,000. IFP Advisors Inc grew its holdings in CCC Intelligent Solutions Holdings Inc. Common Stock by 99.9% during the second quarter. IFP Advisors Inc now owns 8,179 shares of the company's stock valued at $42,000 after purchasing an additional 4,088 shares during the period. Finally, WINTON GROUP Ltd bought a new position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock during the 2nd quarter worth $53,000. Institutional investors own 95.79% of the company's stock.

About CCC Intelligent Solutions Holdings Inc. Common Stock

CCC Intelligent Solutions Holdings Inc provides cloud-based software and technology services for the property and casualty insurance economy. Its platform connects insurers, collision repair facilities, automakers, parts suppliers, lenders, and other participants involved in vehicle claims and repairs.

The company's solutions support claims management, estimating, workflow automation, digital payments, total-loss processing, vehicle valuation, and collision-repair operations. CCC also uses artificial intelligence, computer vision, predictive analytics, and data capabilities to help customers assess vehicle damage, streamline claims, improve repair processes, and enhance customer communication.

CCC traces its history to 1980 and primarily serves the North American insurance and automotive markets.

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